Which of the following is true?
A) Real GDP fluctuates around potential GDP.
B) Potential GDP fluctuates around real GDP.
C) Nominal GDP fluctuates around real GDP.
D) Real GDP fluctuates around nominal GDP.
E) When real GDP equals potential GDP,both equal nominal GDP.
Correct Answer:
Verified
Q216: Which type of unemployment is the consequence
Q217: Cyclical unemployment is
A)the total of structural and
Q218: During a recession,the average duration of unemployment
Q219: An economic recession produces
A)an increase in cyclical
Q220: Full employment occurs when
A)the unemployment rate is
Q222: At full employment there still exists some
Q223: Full employment occurs when the
A)unemployment rate equals
Q224: Potential GDP is reached when
A)unemployment is zero.
B)there
Q225: The natural unemployment rate is
A)another name for
Q226: At the peak of a business cycle,the
A)cyclical
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